Category: Goals

Mastermind: The Most Effective Tools for Improving Your Business in 2018

Mastermind: The Most Effective Tools for Improving Your Business in 2018

Julie and the others settled into their seats at a small conference table waiting for the meeting to begin. Julie is a small business owner and has been coming to these meetings for the past year. She looks around the room at the other business leaders she has come to know over the past year and can’t believe how lucky she has been to be part of this group.

“This meeting changed the way I am as a leader. For the better. My business is successful because of the suggestions and ideas I have gotten in this meeting. And let’s face it, without the accountability of this meeting, I would not be where I am today.”

About a year and a half ago, Julie was selected and joined a mastermind group. Although Julie had not heard of it until she joined the Mastermind Group, Masterminds have been around for hundreds of years. In 1727, Benjamin Franklin formed a group with twelve other tradespeople named the Junto. In early 1900’s Thomas Edison and Henry Ford started a group called The Vagabonds whose members included Harvey Firestone, John Burroughs, and Warren Harding. Bill Gates, Warren Buffet, Sherly Sandberg and others all participate in mastermind groups.

A Mastermind Group is a group of like-minded individuals who work together to help each other be successful. It provides a comfortable, confidential and challenging space where participants can discuss the issues most pressing to them. Their peers will ask deep clarifying questions to understand their challenges and then provide insight based on their experiences.

Mastermind can be formed around any topic that makes sense for the participants. As an executive coach, I use masterminds to help leaders within the small business community to improve their leadership. Other people use masterminds to support first-time parents, business owners, librarians, police officers, and even coaches*.

Each mastermind runs a little different but has some common traits. Most masterminds are small groups with no more than fifteen individuals in each mastermind. This size group allows each participant a chance to experience “the accountability seat” or “the hot seat” during each session. The accountability seat gives everyone an opportunity to share their challenge and listen to the perspective of other members as they ask curious questions and provide insights from their experience. At the end of a meeting, each member commits to some action that will help them overcome their challenge.

There is power in the mastermind as it provides a variety of perspective, increases accountability and fosters better outcomes for all the individuals involved. In one of my mastermind groups, it took only a couple meetings before; I started seeing improvement in the leadership skills of the participants.

As part of my mastermind groups, I offer individualized leadership coaching to all members if they are interested. I can help them create a plan of action and hold them to it between meetings. Most participants opt-in for this as they see the benefit of having a professional coach work through their problems with them.

The longer the tenure of the meeting the deeper the participants are willing to go to improve their outcomes. In time, friendships usually develop and become part of the process to help each other grow.

There are a few organizations who do this as a business including TAB (The Advisory Board), Vistage, and CEO Focus. Each organization has it is strengths and challenges, and I would suggest researching them before joining to make sure you have the one that fits you best. In the end, I decided to run my own because I believe that I could provide a different type of experience and wanted to reach a different kind of business owner.

John Thalheimer is the Executive Director of True Star Leadership. He has a fundamental belief that every organization and every employee deserves a great leader. Since early in his career John wanted to understand why some leaders were successful and others were not. Moreover, what he found surprised him. He earned his Master’s in Organizational Leadership and is dual certified in business coaching. John is working on his book titled, The Behavioral Algorithm, the secret formula for success. He currently runs masterminds in middle Tennessee and online to help leaders within the small business community succeed.

*If you are interested in learning more or interested in joining one of my mastermind groups, please reach out to me at john@johnthalheimer.com. Also if you are a coach, please think about joining my coaching mastermind group, as the benefits will apply to you as well.

 

Lessons from the Big Swim

Lessons from the Big Swim

The rain fell from the silver-grey sky onto the group of us. Standing on the windswept beach, we listened to the words we did not want to hear. The Big Swim was canceled due to the weather conditions. My brother and forty-five other swimmers had spent the better half of the year training to swim the 17 kilometers (10 miles) across the North Cumberland Strait from New Brunswick to Prince Edward Island only to be disappointed.

The lead organizer had talked about the difference between our expectations and reality and defined it as the feeling of disappointment.  On that Sunday Morning, there were many disappointed people on the beach, some cried, some sighed, some bent their head in quiet prayer. A few optimistic souls shouted, “next year,” a rallying cry to know the effort, discipline and sacrifice had meant something.

As a support kayaker and a witness to the hard-work it takes to prepare for such a quest, I too was disappointed, for me, for my brother and for all those you had worked hard to be left standing in the rain on the beach; our goal was just out of reach across 17 kilometers of turmoil and lighting.

On my way home, I could not help but think that there were lessons to be learned from the Big Swim about how to achieve our own dreams. Below are the six lessons I learned and how they can help us achieve our goals faster.

  1. Preparation: The North Cumberland Straight, 17 kilometers wide at its narrowest, is known for its strong tidal currents and roaring winds. It is not a place to take for granted. Preparation is critical to the success of any who plan to swim across it. Training started with rising early every day and swimming. First in the pool, then in a lake, and then in the ocean until the swimmer was physically and mentally prepared to make the attempt.
  2. Support: The bigger your goal, the more support you will need. The support will come in a variety of sizes, from the little to the large. Before the event, my brother’s wife gave him support to train by watching their two young kids every Saturday morning. The organizers provided constant communication to make sure the swimmers had everything they needed to be successful. The day of the event, hundreds of supporters from kayak carriers, check-in volunteers, boat captains, and family members made sure the swimmers had everything they needed to be successful.
  3. Community: Community is essential to success. My brother met and trained with a group of like-minded swimmers from his home town. He learned from their experience; shared his expertise and leaned on them as the training took its toll. In the early Sunday morning dawn, together they lessened the disappointment of not swimming with laughter and hugs, sharing the loss to diminish its impact.
  4. Limitations: We all have limitations. We can choose to let them define us, or we can push against them. In the group of swimmers who were attempting the Big Swim, the ages ranged from 11 to 73 years. None of them let their limitations define them. The eleven-year-old could have let those who said it was too dangerous for her to stop her from doing what she wanted. She did not; she was in wave three – the elite swimmers; ready to go.
  5. Drive: The swimmers who had completed the swim before said that there is a time in the middle of the straight when exhaustion has crept into your muscles, and the sky and ocean have blended into one, you think about quitting but you continue till your feet hit the sand. No matter the goal, we have all reached that place where we want to stop. Those that are successful keep going pushing forward by an inner drive toward their goal.
  6. Celebration: Soon after the announcement of the cancellation of the Big Swim, a quiet applause rose from the crowd on the beach and slowly turned into a standing ovation for the swimmers. The applause was recognizing the effort they had made to reach this point on the beach, the hard-work, the dedication, and scarifies they made. We too need to recognize our progress and celebrate our wins.

 

Goals are just dreams without wings.

 

Even in disappointment, there are lessons to be learned. Thomas Eidson once said, “I have not failed 10,000 times, I’ve successfully found 10,000 ways that will not work.” No matter what we dream of accomplishing, we can not do it without a lot of hard-work, dedication, and sacrifice. As you plan your next business adventure, think about these six lessons and how you can apply them to achieving your dreams. As a leadership guide, I help people plan their dreams and provide the necessary skills and tools for them to be successful. If you are ready to start your journey, let’s get together and begin the work required for you to reach your dreams.